About meStock and crypto investor. I factor in market psychology, economic news and data with my technical analysis. I believe the bear market has started. Millionaires are made in a market crash and we only have this once in decade opportunity to capitalize.
I've been following WYNN for a while and I use this as one of my recession indicators of the economy. I believe people are head above water high in credit debt and can no longer afford to gamble or visit the casino.
My prediction is a -6 to -8% drop before it does a dead cat bounce up.
In relation to all my predictions, I believe people will panic buy JNUG as a reaction to -13% drop we might have on Monday, Oct. 15th. In my opinion and not financial advice, I would sell it and go JDST after taking profits at the ~48.9% pop.
I'm predicting that we might see a big green candle spike to around 472 as the FIRST sign of a bullish breakout. This will start a frenzy with the market and bring in more volume to jump start the bull run.